68:01:01:04Project costs inclusions and exclusions.

Project costs include the aggregate amount of costs authorized by the authority to be incurred for a project and financed or to be financed by a loan, but exclude any costs of issuance and any amounts deposited or to be deposited in a loan reserve account or capitalized interest account. Project costs may include cost of issuance if the authority does not create a cost of issuance account in the series supplemental resolution and the payment of interest due on a loan that corresponds to the payment of interest due on the series of bonds that financed the loan, accruing before the completion of the project.

Source: 13 SDR 134, effective March 31, 1987; 52 SDR 49, effective November 17, 2025.